§ 1146 Voluntary Personal Property Gifts

• •A gift is a transfer of personal property.
• •The transfer must be voluntary.
• •No consideration (payment or exchange) is required.

Your neighbor gives you a bike just because they want to, with no money or promise of anything in return.

Because the bike is personal property, the neighbor gave it voluntarily, and there is no consideration, the transfer meets the definition of a gift under this statute.